Franco-Nevada Corporation (FNV) – What Are Researchers Saying About This Stock?

Franco-Nevada Corporation (NYSE:FNV) (TSE:FNV) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $279.44.

A number of brokerages have issued reports on FNV. Scotiabank reduced their price objective on shares of Franco-Nevada from $290.00 to $274.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their target price on shares of Franco-Nevada from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Weiss Ratings raised shares of Franco-Nevada from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. UBS Group reduced their price target on shares of Franco-Nevada from $310.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Zacks Research raised shares of Franco-Nevada from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On Franco-Nevada

Several hedge funds and other institutional investors have recently modified their holdings of the business. Syon Capital LLC boosted its holdings in Franco-Nevada by 2.1% in the fourth quarter. Syon Capital LLC now owns 2,443 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 51 shares during the last quarter. PFG Investments LLC increased its position in Franco-Nevada by 0.7% during the 1st quarter. PFG Investments LLC now owns 7,211 shares of the basic materials company’s stock valued at $1,782,000 after purchasing an additional 52 shares during the period. Parallel Advisors LLC raised its holdings in Franco-Nevada by 2.1% during the 1st quarter. Parallel Advisors LLC now owns 2,605 shares of the basic materials company’s stock worth $644,000 after purchasing an additional 53 shares during the last quarter. Claret Asset Management Corp raised its holdings in Franco-Nevada by 3.4% during the 4th quarter. Claret Asset Management Corp now owns 1,669 shares of the basic materials company’s stock worth $346,000 after purchasing an additional 55 shares during the last quarter. Finally, Parvin Asset Management LLC lifted its position in shares of Franco-Nevada by 1.2% in the 4th quarter. Parvin Asset Management LLC now owns 4,965 shares of the basic materials company’s stock worth $1,029,000 after purchasing an additional 60 shares during the period. Institutional investors own 77.06% of the company’s stock.

Franco-Nevada Price Performance

Shares of NYSE FNV opened at $245.12 on Friday. The business has a fifty day moving average price of $251.78 and a two-hundred day moving average price of $235.93. The stock has a market capitalization of $47.28 billion, a PE ratio of 32.04, a P/E/G ratio of 2.22 and a beta of 0.36. Franco-Nevada has a fifty-two week low of $181.50 and a fifty-two week high of $285.67.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last released its earnings results on Tuesday, August 11th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.14). The company had revenue of $580.90 million for the quarter, compared to analyst estimates of $616.66 million. Franco-Nevada had a return on equity of 18.58% and a net margin of 63.79%. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share. On average, equities analysts expect that Franco-Nevada will post 7.54 EPS for the current year.

Franco-Nevada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 10th. Franco-Nevada’s dividend payout ratio (DPR) is currently 23.01%.

Franco-Nevada Company Profile

Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and streaming company. Rather than operating mines directly, it provides capital to mining and natural resource companies in exchange for the right to receive a portion of future production or revenue. This business model gives Franco-Nevada exposure to commodity production while generally limiting its direct responsibility for operating and capital costs.

The company holds a diversified portfolio of royalties, streams and other interests tied primarily to gold, as well as silver, platinum-group metals, iron ore and other minerals.